Q3FY18 Results: Transformers and Rectifiers reports negative bottomline

Transformers and Rectifiers reported its results for the quarter ended December 31, 2017 on Monday. The company's standalone revenue for the quarter came in at Rs. 151.38 crore, registering 26.7 per cent yoy decline.

EBITDA for the quarter fell by 43.3 per cent yoy to Rs. 9.6 crore with a corresponding margin contraction of 186 bps. EBITDA margin for the quarter stood at 6.3 per cent. This margin contraction was led by 11 per cent yoy jump in employee benefit expenses. The net loss for the quarter came in at Rs. 3.89 crore as compared to net profit of Rs. 3.08 crore in corresponding quarter last year. This includes tax adjustment of Rs. 1.90 crore for the earlier year.

Transformers and Rectifiers is a manufacturer of a wide range of transformers, which conform to the quality expectations of both the domestic and the international market.

On Monday, the stock opened at Rs. 36.50 per share and touched an intra-day high and low of Rs. 37.25 and Rs. 33.60, respectively on the BSE.